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Japan 225

Nikkei Struggling At Key Resistance as Revised Coronavirus Data Optimism crept back into the market earlier this week, with market participants speculating that cases of 2019-nCoV may peak by the end of February. However, a revision of the counting methods used to identify infections led to a 15,000 case jump in the Hubei province; with the WHO stating many of these cases date back up to three weeks. This has seen doubt creep back into the market with the Nikkei FOREXCOM:JPXJPY pegging back most of its gains from earlier in the week, after failing to break key resistance at the 24000 handle. Early formation of a shooting star candle, a potential triple-top reversal pattern and RSI divergence highlights exhaustion in the recent uptrend from late August 2019, and could see price begin to pull back to retest the 2020-low (22637) and 38.2% Fibonacci (22525). Break of support & sustained momentum to the downside could see price push towards significant uptrend support ,extending back to June 2016, and confluence with the 61.8% Fibonacci (21509). FOREXCOM:JPXJPY
FOREXCOM:JP225
by dmoss94
Elliott Wave View: Nikkei Has Resumed HigherShort term Elliott wave view in Nikkei (NKD_F) suggests the Index ended the correction from December 17, 2019 high in wave ((4)) at 22628. The Index has resumed higher in wave ((5)) although it still needs to break above wave ((3)) on December 17, 2019 high at 24140 to avoid a double correction. However, the rally from February 1, 2010 low (22628) is unfolding as a 5 waves impulse Elliott Wave structure, favoring the upside. Furthermore, other world indices such as $YM_F (Dow Jones Futures) and $NQ_F (Nasdaq) have already broken to new high, supporting the view the next leg higher has started. Up from February 1, 2020 low (22628), wave 1 ended at 23015 and wave 2 pullback ended at 22800. The Index has resumed higher in wave 3 which subdivides in lesser degree 5 waves. Dips is expected to find support while above 22628 for further upside. We don’t like selling the Index. Near term, expect a few more highs before cycle from February 1 low ends as 5 waves in wave (1). Afterwards, it should correct cycle from February 1 low in wave (2) before the next leg higher. As far as pivot at 22628 low stays intact, expect dips to continue finding support in 3, 7, or 11 swing for further upside.
CME:NKD1!
by Elliottwave-Forecast
GLOBAL INDEXES BREAKING-OUT? PHASE I-Pre EARNINGS(Ft.15 charts)Four Major Global Indices; Series on Equities- January 19th 20' Questions that need answers Plenty of good news last week (Chinese Growth ~6%, PHASE I deal, global bounce in manufacturing data, USMCA vote etc etc) . Many worries had been pacified ahead of earnings, so what is the price action in some of the major global markets? Spoiler , obviously due to the high correlation, equity markets are near break-out points globally . This idea is a continuation of my previous idea, which has been tracking the SPX extremely well in the past two weeks. The question is will the momentum run in the SPX continue to 3450? Based on this chart on global indices, in case a breakout occurs, SPX might over-extend even further to 3450. And then there's the earnings season.. US equities were the first ones to show signs of breaking out the 3000 range back in November of 2019. This means that despite the high correlation, equity markets globally have been trailing behind, and only now appear to show signs of breaking out. Before I get into the indices charts, firstly few important updates for the weeks ahead: 1. DXY appears to be breaking out of the wedge, attempting to come back inside the uptrend. Despite all the new liquidity that was pumped by the FED in their "Not QE" operations, the dollar seems to have regained strength post Phase I. Of course, this devalues other indices, but at the same time implies that the demand for the dollar continues. Two very contrasting factors that can be the difference between a bull run and a liquidity crunch. 2. TLT medium duration notes. Attempting to breakout of the downtrend, but without any success the past two weeks. TLT is a great inter-temporal hedge to stocks. And if TLT breaks out in the next few weeks, it might give a hint for a potential pause to the rally in equities. 3. Boeing BA, the elephant in the room . To keep it short, if BA's earnings are a debacle, this can really dampen the drive for equities in the short term. Getting the MAX back flying, it's the difference between SPX having positive and negative operating profits. Closing below 320, eventually 317, we could see a sell-off back to ~290. 4. IEMG . Emerging markets are breaking out of their rectangular formation. Still far from their all time highs. Emerging markets are the growth engine . Tariffs staying in place post phase I, certainly doesn't help. 5. NIKKEI 225 . Back to indices. Nikkei's current trend developments and targets. ~26000-27000 would be the optimal range in case a breakout occurs for 2020. 6. DAX 30 . Sentiment is lacking, but there appears to be a small bounce in manufacturing data. Of course, this is on the back of the expanded balance sheets, and the rally will last as long as the ECB keeps QE-eternity and the FED keeps the "Not QE" bill purchases. 7. FTSE100 . Post Brexit and post phase I, searching for a breakout. Expectations are that the BoE will provide an accommodating environment, perhaps with few rate cuts. Retail sales data isn't getting better, maybe that'll change if the expected fiscal spending increase takes place? 8. Stoxx50 . Pitchfork based on the usual fib. levels. Again, obviously high correlations, trailing breakout. 9. Stoxx600 . More importantly, the the index as a whole is doing much better. Practically has followed SPX500 without trailing. 10. FTSE MIB 40. QE accommodating environment largest beneficiaries are the southern European economies. Nevertheless, how can the stock market be breaking-out, after the economy practically had a mini-recession in 2018, and the economy has grown at 0.1 %? 11. IBEX 35 . Of course similar story to the FTSE MIB40. All the worries about the new socialist government, and yet here we are- a new rally. 12. SG30- Using Singapore, as a proxy to India cancelling all the noise there. The newest Cass freight index points out that the slump in global trade has continued despite the bounce in manufacturing. Singapore as a major travelling, a trading hotpot and due to the openness of the economy can give a hint of the actual strength and improvement in economic conditions. 13. OMX30. OMX30, currently forming a bearish wedge. Interestingly, Riksbanken had a surprise hike in rates back to 0%, despite the slump in manufacturing data(no bounce). 14. OMXPI. Overall the Nordics as a safe heaven have tracked SPX carefully. OMXPI despite the low volume, managed to breakout. Question is, is this a good selling spot or a trend continuation? 15. Russell 2000. Finally, US small caps. Many issues with them, one being over-leverage. 170 proved to be a great profit taking point on Friday, as I've suggested previously. To wrap up this extensive idea on global markets. Breakout areas are a great profit taking point. If we do not breakout of the current range, instead we might get a 5-7% correction. I wasn't satisfied with the deal, but that's a discussion for another idea. Banks had a satisfying performance last week, and looking ahead NFLX on Tuesday could give off some hints about the direction where the tech sector will be heading. As mentioned BA is the major one. Disclosure on their progress will be key to overall market return s. To answer some of my questions shortly, what I can say is, currently stocks are expensive, but are they overpriced? - Not as long as the "Not QE" program is supplying juicy liquidity that seems to be flowing directly to equities. The larger issue at hand, is that investors are becoming accustomed to QE as the answer to all of their worries. Underneath QE, there's practically no growth ; 2% with fiscal deficits rising and QE expansion, how can this mean that the US economy is sustainably growing? This is it for global markets analysis. Thank you for the support! Means that my effort is not in vain. Message me if you'd like to discuss ideas, charts. I'll try to answer in due time. Step_ahead_ofthemarket- ________________________________________________________________________________________ >>I do not share my ideas for the likes or the views. This channel is only dedicated to well informed research and other noteworthy and interesting market stories.>> However, if you'd like to support me and get informed in the greatest of details, every thumbs up and follow is greatly appreciated! Disclosure: This is just an opinion, you decide what to do with your own money. For any further references or use of my content- contact me through any of my social media channels.
TVC:UKX
by step_ahead_ofthemarket
7
Nikkei 225 to 27,000 and beyond Do you want to have a piece of that Olympics profits ? If you condense the chart close enough, you would notice last Christmas (25 Dec 18), there is a inverse H&S pattern displayed nicely. Approximately at 20,163 acting as the support , the Nikkei 225 has not look back since, galloping its way to the rising sun. With the forthcoming Olympics in 6 months time, Japan is definitely going to see inflow of funds in tourism, hotels, F&B, casinos, sports apparels, etc. You can wait for the resistance to be broken above at 24, 377 first before adding long for additional margin of safety.
TVC:NI225
by dchua1969
Elliott Wave View: Nikkei Finding SupportElliott Wave view on Nikkei (NKD_F) suggests the rally to 24148 on December 17, 2019 ended wave ((1)). Index is now doing a wave ((2)) pullback and the internal is unfolding as double three Elliott Wave structure. Wave ((2)) pullback should correct the entire rally from August 26, 2019 high before Index resumes higher again later. Structure of the decline from December 17 high looks corrective which favors the idea the decline is a correction instead of a new bearish cycle in larger degree perspective. Down from 24148 high, wave W ended at 23320 as a zigzag. Wave ((a)) of W ended at 23710 and wave ((b)) of W bounce ended at 23960. Index then resumed lower in wave ((c)) of W which ended at 23320. Bounce to 23800 ended wave X and wave Y lower ended at 22950 as another zigzag structure. Wave ((a)) of Y ended at 23170 and wave ((b)) bounce ended at 23570. Wave ((c)) of Y ended at 22950 which also completed wave (W) in larger degree. Expect the Index to bounce in wave (X) to correct cycle from December 17, 2019 high before the decline resumes. As far as pivot at 24148 high stays intact, expect the rally to fail in 3, 7, or 11 swing for further downside.
CME:NKD1!
by Elliottwave-Forecast
Story of DOW and NIKKEI -LongBuyLongSellIndicator Analysis ShortFirst of all let me present the chart of NIKKEI here "D" time frame. This looks a short and price fall is likely as per the "Long Buy Long Sell Indicator" You can have reference of this indicator here Now coming to the Dow30 this also looks to be Short after completing the complete bull cycle . The LBLS shows Dow will fall from this price level and the fall is started already. LIKE Share Follow The LBLS indicator is here TVC:DJI TVC:NI225
TVC:DJIShort
by MarxBabu
2
China-U.S. agreement opens up space for A-shares to risePresident Trump Yesterday brought a New Year's gift to investors around the world, tweeting that he and Prime Minister Liu will sign the first phase of the China-U.S. trade deal at the White House on January 15 and will visit Beijing later to begin negotiations on the second phase of the agreement. This is undoubtedly an important message, indicating that the two-year-long trade war is finally about to press the pause button, which is good for China and the global economy. Of course, fo r China's A-shares is more important good. I believe that in the first quarter, more funds will flow into the market. Let us compare another trade conflict that took place 30 years ago, the us-Japan trade war, when the US and Japan signed the Plaza Agreement on September 22, 1985, and we look at the Nikkei index, which rose by 207% from 1985 to December 1989. This is at odds with the damage many people have done to trade wars. As for the reasons, I have also analyzed it before. At the moment we look at A-shares, it's very likely that the Nikkei will be replicated and there's a chance of doubling in 2020.
S
by peter-l
Elliott Wave View: Nikkei Should Extend HigherElliott Wave view in Nikkei (NKD_F) suggests that the Japanese Index ended wave (4) on December 3 at 22898. This is part of a bigger impulsive 5 waves rally from August 25, 2019 low (not shown on the chart). Up from August 25, 2019 low, wave (1) ended at 21970, wave (2) pullback ended at 21070, wave (3) ended at 23660 and wave (4) ended at 22898. In the 1 hour chart below, we can see the Index has resumed higher in wave (5). The rally from December 3, 2019 low is unfolding as a 5 waves Elliott wave impulsive structure. Up from 12/3/2019 low, wave ((i)) ended at 23565 and wave ((ii)) pullback ended at 23265. The Index then extended higher in wave ((iii)) towards 24075 and pullback in wave ((iv)) ended at 23770. Index is expected to end wave ((v)) soon with another leg higher. This final leg should also end wave 1 in higher degree. Afterwards, Index should correct cycle from December 3, 2019 low within wave 2 before the rally resumes. We don’t like selling the proposed pullback and prefer buying wave 2 dips in 3, 7, or 11 swing as far as pivot at 22898 low stays intact. Potential target for wave (5) is 100% – 123.6$ Fibonacci extension of wave (1) towards 25171 – 25707.
CME:NKD1!
by Elliottwave-Forecast
Japan shooting for the star www.cnbc.com 1) If you agree with me the story of USD getting stronger against many currencies, including yen, then you can see why Japan stock market will continue to stay bullish. Short term wise, there is bound to be correction so have a mid to longer term horizon if you keen to play this index. 2) Also ,coming up in 2 years time, Japan will be hosting the Tokyo 2020 Olympics. I believe this would be a good confidence booster, shoring up the tourism sector, F&B, entertainment, etc. www.capitalgroup.com 3) Next, Japan is still printing money to boost the economy : www.japantimes.co.jp
TVC:NI225Long
by dchua1969